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ISTANBUL: Metito, the leading global provider of total intelligent water management solutions and alternative energy systems, acquired majority shares in Turkish chemical company Info Group. The news was announced in a signing ceremony at Ciragan Palace Kempinski, Istanbul in the presence of high level guests, key clients, and employees from both companies and members of the media.
Fady Juez, Metito Managing Director and board member, commented on this new acquisition during the event by saying; “This transaction marks Metito’s first entry into the Turkish market through investing in a local company. We are bringing to the local market over 60 years of global experience and knowhow, international networks and access to latest technologies and market intelligence, as well as a formidable financial backing by our key shareholders including Mitsubishi Corporation, Mitsubishi Heavy Industries and the IFC. Info brings deep local knowledge and technical understanding of the requirements, regulations and market dynamics in Turkey”. “This formula will deem Info Group more competitive and more equipped to tap into great opportunities in Turkey and beyond”, he added.
Founding Partner of Info Group Abdullah Uslu also said that the cooperation they will be building with a major company which accomplished 3000 projects in over 46 countries worldwide shall serve as a great example to the establishment of significant partnerships in Turkey, despite the unfavorable effects of the global economic crisis over Turkey. Uslu continued to say;” Info accomplished over 10 million cubic meters of water recycling through the custom-built systems in accordance to the state, structure and business objectives of high level clients in Turkey and with Metito backing we will surely become more competitive and add further value”.
“We are excited to be partnering with Metito, a global multinational with an established presence and worldly experience. This is proof of the success we have so far achieved as a company and a testament to our ability to grow and to become further competitive above and beyond our current capabilities”, said Recep OZGAN, Info Group newly assigned General Manager.
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About Metito
Metito is a global leader and provider of choice for total intelligent water management solutions with operations covering three business areas: design and build, specialty chemicals, and utilities. With over 60 years of experience, the Group provides customized, comprehensive and advanced solutions across the full spectrum of its industry; from clean to dirty water; desalination and re-use; industrial solutions (up to hyper pure water); investing into water and wastewater assets; and structuring both Greenfield and Brownfield schemes under project finance structures. The Group also provides custom alternative energy development and management solutions for utilities and corporations looking to uphold sustainable operations through generating clean, emissions-free energy.
Metito successfully developed and executed thousands of projects across the world earning it the trust of market leaders and a reputation for professional excellence. The Group was the first to introduce the reverse osmosis technology for desalination outside the USA in 1972 and the first to pioneer concession contracts with private entities under Build Own Transfer (BOT), Build Own Operate (BOO), and Build Own Operate Transfer (BOOT) schemes in the Middle East, and under Public Private Partnership (PPP) agreements for bulk surface water supply concessions in Sub Saharan Africa.
Metito endeavors to utilize its world-class global knowhow to provide millions of people across the globe access to clean and safe water. The multinational Group is at the forefront of the water and wastewater industry with an impressive project portfolio that includes more than 3000 projects in more than 46 countries managed by over 3000 experienced and talented employees worldwide in strategically located operational offices.
For more information please visit metito.com
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